NLC India reports 59% rise in Q1 consolidated net profit

NLC India has reported results for first quarter ended June 30, 2022.

The company has reported 89.39% rise in its net profit at Rs 506.08 crore for the quarter under review as compared to Rs 267.22 crore for the same quarter in the previous year. Total income of the company increased by 26.84% at Rs 3176.54 crore for Q1FY23 as compared Rs 2504.45 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 59.07% in its net profit at Rs 568.83 crore for the quarter under review as compared to Rs 357.59 crore for the same quarter in the previous year. Total income of the company increased by 23.10% at Rs 3966.01 crore for Q1FY23 as compared Rs 3221.79 crore for the corresponding quarter previous year.